Is Bitcoin's breakthrough of 109588 a trap? Just after breaking, it crashes. Who is using emotions to harvest you?
Just now, Bitcoin has broken through the previous high of 109588 as expected, and market emotions exploded instantly, with social platforms filled with cheers of 'the bull market is here'. But just as you were about to 'ALL IN', BTC suddenly plummeted by a thousand points, dropping back to 107000. Is this an acceleration of the bull market, or a carefully arranged harvesting trap?
Many people overlook a fact: previous highs are never a 'take-off signal', but the best position for smart money to lure retail investors into buying. Especially in the current context of continuous net inflow into ETFs and extremely optimistic market sentiment, once the previous high is broken, retail investors are very likely to fall into the double psychological trap of 'anchoring + FOMO', rushing in but becoming the last fuel of liquidity.
On-chain data shows that in the range of 109500~110000, there are signs of large-scale selling by short-term addresses, combined with the surge in perpetual contract funding rates and social media heat, this is not a healthy rise, but a typical 'trap after luring'.
Looking back at history, there have been countless similar scenarios: 2017, 2021, including early 2024, the first surge after BTC breaks through important levels is often accompanied by short-term massive volatility, even a halving. What you think is a breakthrough as a 'new starting point' may actually be the 'last bait'.
The bull market may indeed be here, but it is not a reason for you to chase high prices and stand guard.
Real winners never act blindly in the midst of a noisy crowd. They remain calm when others are crazy, buy the dip during crashes, and are not harvested during breakthroughs.
In this wave, do you want to be the one in control? Or are you just the 'vegetable number' on someone else's profit sheet?
The choice should be made now.
